Source-grounded facts extracted from Quality Industrial Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Quality Industrial Corp. reported fiscal year ended December 31, 2025 results: revenue $16,307,787, net income $(4,603,645).
“FY 2024 FY 2025 Change Revenue $ 11,177,567 $ 16,307,787 +45.9 % Gross Profit $ 3,963,263 $ 4,788,780 +20.8 % Gross Margin 35.5 % 29.4 % -17.2 % Operating Expenses $ 3,265,008 $ 5,245,558 +60.7 % Net Income (Loss) $ 266,780 $ (4,603,645 ) -1,825.6 %”
Quality Industrial Corp. reported fiscal year ended December 31, 2025 results: revenue $16,307,787, net income $(4,603,645).
“we believe the progress has been substantial. This letter provides an overview of what was achieved and what lies ahead. Financial Highlights FY 2025 FY 2024 Change Revenue $ 16,307,787 $ 11,177,567 +45.9 % Gross Profit $ 4,788,780 $ 3,963,263 +20.8 % Gross Margin 29.4 % 35.5 % Operating Expenses $ 5,245,558 $ 3,265,008 +60.7 % Net Loss / (Income) — Reported $”
Quality Industrial Corp. underwent a change of control involving Fusion Fuel Green PLC (closed 2024-11-26).
“On November 26, 2024, the conditions to the Closing were satisfied in all material respects.”
Sanjeeb Safir was appointed as Managing Director for the Middle East Region at Quality Industrial Corp..
“On September 2, 2024, the Board appointed Sanjeeb Safir as our newly appointed Managing Director for the Middle East Region.”
Quality Industrial Corp. terminated QI Purchase Agreement with Quality International Co Ltd FZC (effective 2024-04-01).
“greement (the “QI Purchase Agreement”) with Gerab National Enterprises LLC and Mr. Saseendran Kodapully Ramakrishnan, (together,”
Quality Industrial Corp. reported that prior financial statements should not be relied upon.
“On April 1, 2024, as a result of the cancellation of the QI Purchase Agreement, the Company’s independent registered public accounting firm, Pipara & Co LLP (“Pipara”), determined that the Company’s audited financial statements as of and for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K, filed with the SEC on May 8, 2023 (the “Original Filing”), need to be restated as such report contains consolidated financial statements reflecting the acquisition of QI. Therefore, the Original Filing should no longer be relied upon, as such report must be restated to show the financial statements of Quality Industrial without QI included.”
Quality Industrial Corp. entered into Stock Purchase Agreement with shareholders of Al Shola Al Modea Gas Distribution LLC valued at $10,000,000 (Ten Million USD) (effective 2024-03-27).
“As of March 27, 2024, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Al Shola Al Modea Gas Distribution LLC (“ASG” or “Al Shola Gas”) to acquire a 51% interest in ASG.”
Quality Industrial Corp.: Board reversed fiscal year end from June 30 back to December 31 (effective 2024-02-08).
“On February 8, 2024, the board of directors (the “Board”) of the Quality Industrial Corp. (the “Company”), approved a reversal and change in fiscal year end of the Company from June 30 to December 31.”
Quality Industrial Corp.: Changed fiscal year end from December 31st to June 30th (effective 2023-08-04).
“On August 4, 2023, the board of directors (the “Board”) of the Company, approved a change in fiscal year end of the Company from December 31st to June 30th.”
Quality Industrial Corp. terminated Petro Line Purchase Agreement with shareholders of Petro Line FZ-LLC valued at Mutual termination with each party paying its own costs; acquisition did not close. (effective 2023-08-03).
“On August 3, 2023, the Company entered into a Termination Agreement and Release with Petro Line (the “Termination Agreement”), pursuant to which both the Company and Petro Line agreed to terminate the Petro Line Purchase Agreement, and to release each other from all claims associated with the Petro Line Purchase Agreement, with each party paying its own costs incurred in connection with the Petro Line Purchase Agreement.”
Quality Industrial Corp. amended Amended QI Purchase Agreement with Gerab National Enterprises LLC and Mr. Saseendran Kodapully Ramakrishnan valued at Total purchase price of up to $137,000,000 in cash; payment schedule revised with smaller amounts du (effective 2023-07-31).
“On July 31, 2023, the parties to the QI Purchase Agreement entered into an amendment to the QI Purchase Agreement (the “Amended QI Purchase Agreement”) to revise the payment schedule for the QI Shares, which had previously become effective on March 31, 2023.”
Quality Industrial Corp. completed an acquisition involving shareholders of Quality International for up to $137,000,000 in cash (closed 2023-03-06).
“International Co Ltd FZC (the “Shares”). On Closing Date March 6, 2023, QIND completed acquision of Quality International . The purchase price for the Shares shall be up to $137,000,000 in cash, paid in six tranches, subject to the achievement of financial milestones presented in a schedule of payments which are set forth in the Purchase Agreement. The following”
Quality Industrial Corp. completed an acquisition involving shareholders of Quality International Co Ltd FZC for up to $137,000,000 in cash (closed 2023-03-06).
“which includes a Shareholders Agreement for the ongoing governance of Quality International, and the transaction has closed. The purchase price for the Shares shall be up to $137,000,000 in cash, paid in six tranches, subject to the achievement of financial milestones presented in a schedule of payments which are set forth in the Purchase Agreement. We have paid”
Quality Industrial Corp. entered into Purchase Agreement with the shareholders of Petro Line FZ-LLC valued at up to $1,530,000 in cash (effective 2023-01-27).
“On January 27, 2023, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Petro Line FZ-LLC (“Petro Line”), a United Arab Emirates headquartered company to purchase 51% of the outstanding shares (the “Shares”).”
Quality Industrial Corp. entered into Stock Purchase Agreement with shareholders of Quality International valued at up to $137,000,000 in cash (effective 2023-01-18).
“On January 18, 2023, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Quality International, which agreement provided for our purchase of 52% (increased by 1% over the Agreement) of the shares of Quality International Co Ltd FZC (the “Shares”).”
John-Paul Blackwell was appointed as Chief Executive Officer at Quality Industrial Corp..
“On October 21, 2022, Carsten Falk resigned as our Chief Executive Officer and John-Paul Blackwell resigned as our Chief Commercial Officer. Also on October 21, 2022, our board of directors appointed Mr. Backwell as our Chief Executive Officer and Mr. Falk as our Chief Commercial Officer.”
Carsten Falk was appointed as Chief Commercial Officer at Quality Industrial Corp..
“On October 21, 2022, Carsten Falk resigned as our Chief Executive Officer and John-Paul Blackwell resigned as our Chief Commercial Officer. Also on October 21, 2022, our board of directors appointed Mr. Backwell as our Chief Executive Officer and Mr. Falk as our Chief Commercial Officer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.